A case to look through

A market

How can people with different purposes make their plans fit together?

Markets are useful for thinking about alignment because they can produce extensive coordination while asking remarkably little agreement from the participants.

Start with the puzzle

The participants are not a team.

A buyer and seller need not share a goal. Firms compete. Workers, owners, consumers, and suppliers can have substantially different purposes.

Yet their activities can become mutually compatible on enormous scales. The interesting question is therefore not simply whether they agree. It is how heterogeneous plans become coordinated.

Try looking at this case through

Look again

If nobody is centrally specifying the final pattern, what is making the local plans mutually answerable?